
20020 Elfin Forest Road
Dbottom 20%Escondido, CA 92029
Pass at asking: -$13,730/mo full cashflow at 20% down, 7.36% rate.
Works at $552,358 (76% under asking); even all cash loses money at asking.
Rent $5,482/mo from 5 leases of 4-bed houses in 92029 ($4,720–$5,415).
Beds
4
Baths
2.5
Sqft
2,727
Year Built
1990
Days on Market
64
Property Type
Single Family
HOA/mo
N/A
MLS ID
NDP2608385
This property is in Escondido (92029). Browse neighborhood analytics →
About This Property
Price reduction! The property just appraised at $2,375.000! Incredible estate property in Elfin Forest, set on 2.66 pristine acres. Looking for a multifamily estate opportunity? The lower pasture has a permitted tack room that already has water and electricity. The horse facilities are impressive but also offer an opportunity to build 1-2 detached ADU's. There is already street access to the lower pasture so that makes for an easy set up. Looking for horse facilities? This home offers it as well with a large arena, round pen, 2 stall in and out, tack room, fenced pasture, and access to the horse trail system. Ideally positioned adjacent to the conservation area, this serene retreat captures sweeping mountain vistas and tranquil pastoral views. The 4-bedroom residence offers an exceptional indoor-outdoor lifestyle with picturesque outlooks of the horses from the kitchen and family room, and mountain views from nearly every room. This property doesn't have zoning limits for horses, so the opportunities are endless. Entry gate, 3 car garage and a well maintained home is a must see! A rare equestrian offering that blends privacy, natural beauty, and refined country living. CHECK OUT THE 3 MIN VIDEO OF THIS AMAZING PROPERTY. IF YOU CANT SEE IT ON THE WEBSITE YOU ARE ON, CHECK OUT the listing agents site or ask your agent to send it to you. Unfortunately, 3rd party sites don't carry videos', just pictures but agents can obtain access to them.
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Est. Monthly Payment
$15,994
Location
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Zoned Schools
Elementary
Bernardo Elementary · grades K-5 · Escondido Union
Middle
Del Dios Academy of Arts and Sciences · grades 6-8 · Escondido Union
High
San Pasqual High · grades 9-12 · Escondido Union High
The district's assigned schools for this parcel, from its attendance boundaries and rules. Boundaries change: confirm with the district before you buy.
Comparable Properties
5 comps foundThis Property
$5,482
Comp Average
$5,682
1986 Continental Lane
4bd / 2.5ba · 2,887 sqft · Single Family
$1.50M
Est. $5,644/mo
2232 Eucalyptus Avenue
4bd / 3ba · 2,542 sqft · Single Family
$1.63M
Est. $5,673/mo
2450 Vista Lago Ter
4bd / 3ba · 2,598 sqft · Single Family
$1.65M
Est. $5,637/mo
3268 Via Zamora
4bd / 3.5ba · 2,813 sqft · Single Family
$1.43M
Est. $5,147/mo
312 Pico De La Loma
4bd / 3ba · 3,044 sqft · Single Family
$1.89M
Est. $6,307/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
5 leases of 4-bed houses in 92029 · $4,720–$5,415
Blended 50/50 with a property-level estimate
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$13,730/mo short at 20% down; +$17,832/mo rent closes it.
- Break-even price
- $552,358
- Break-even rent
- $23,314/mo
- Cashflow at 35% down
- −$11,300/mo
- Down payment to break even
- Not reachable
- Rate to break even
- Not reachable
76% under asking
$17,832/mo above the estimate
Negative even all-cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* Modelled at 20% down, 7.36% rate, 30yr · vacancy 8% · PM 10% · capex 5% · maintenance 1%/yr.
Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.
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